Word: landings
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...Democrats in the Senate, meanwhile, got an unwelcome distraction this week when Senate minority leader Harry Reid, who would take charge of the Senate if Democrats win, found himself embroiled in a real estate scandal. On Wednesday, the Associated Press reported that Reid had failed properly to report a land deal in his home state of Nevada that nearly tripled his initial investment in six years. Reid has asked the Senate ethics committee for review...
...profit came out of an unusual collaboration with a former casino lawyer, Jay Brown. Reid and Brown initially bought adjoining plots in Las Vegas' booming suburbs in 1998. They transferred the land to a company called Patrick Lane in 2001; Reid's share was valued at the same amount, $400,000, as he had originally paid for the property. Three years later, he was paid $1.1 million when Patrick Lane sold the land to a shopping mall developer. Though Reid and Brown claim they were joint owners of the company, they say no documents exist to prove Reid's position...
...Obviously, Republicans are in danger of losing the House and the Senate and are desperate to push out any story that takes their troubles off the front page," Reid's spokesman, Jim Manley, said in a statement. "The fact is Senator Reid owned the land from 1998 to 2004 and he fully disclosed that fact. If the Ethics Committee requests a technical correction to Senator Reid's disclosure forms we are happy to provide...
...long ago, in a land far, far away… The Harvard men’s water polo team traveled coast-to-coast yesterday, trading the shifty New England weather for the warm southern California coast. This was no vacation, however; the Crimson players were on official business. Harvard faced the University of La Verne in a tightly contested match-up. A full 31 minutes of play could not separate the two teams. With only seconds left on the clock, the game-winner finally came—for ULV— dropping the Crimson, 8-7. For the last...
...chute apparently gave Lidle an impressive amount of confidence in his $187,000 plane. "The whole plane has a parachute on it," Lidle told the New York Times last month. "Ninety-nine percent of pilots that go up never have engine failure, and the 1 percent that do usually land it. But if you're up in the air and something goes wrong, you pull that parachute, and the whole plane goes down slowly." But with the plane flying at an altitude of under 1,100 feet amidst the buildings of New York City, it is uncertain whether a chute...